Even with the macro environment being a bit shaky with inflation and interest rate rise expectations - PLS is in the box seat to be a value play for sheepish investors in the short team with:
- 500,000tpa run rate going to be achieved very in <6 months (that's $2B annualized profit before tax).
- SC6% prices stabilizing @ $5,000-$6,000 but still more likely to go up to $7,000 than down.
- Both weekly and monthly chart Stoch RSI's showing PLS is in oversold territory, but ready to shift momentum.
- Fib 2.618 and 3.618 levels ($6.00 - $7.50 SP) indicating approx. "fair" value for upcoming 500,00 tpa output in current pricing conditions.
I say "fair" value with a smirk - the market is fundamentally undervaluing the velocity of PLS growth over the next 18 months with:
- 1,000,000tpa capacity looming,
- PLS * POSCO JV - @30% interest on the current demand curve, that's a $500M pa profit as a cherry on top
- Calix with $20M funding just landing in our laps - that usually happens when you've got a really good thing going.
- Additional exploration with potential M&A activity over the next 5 years
- New CEO - who will be strategically picked for their experience in future facing commodities (other than lithium maybe
).
Thats just my perspective - and it feels conservative IMO
Cheers - Woly
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Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.040B |
Open | High | Low | Value | Volume |
$2.55 | $2.77 | $2.53 | $172.5M | 64.79M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 295865 | $2.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.67 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 295865 | 2.660 |
11 | 285796 | 2.650 |
7 | 195605 | 2.640 |
1 | 5000 | 2.630 |
5 | 167434 | 2.620 |
Price($) | Vol. | No. |
---|---|---|
2.670 | 2000 | 1 |
2.680 | 348102 | 3 |
2.690 | 2112 | 3 |
2.700 | 202804 | 12 |
2.710 | 64522 | 10 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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